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IMPACT OF GLOBALISATION by Mind Map: IMPACT OF
GLOBALISATION
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IMPACT OF GLOBALISATION

POSITIVE

ECONOMY

Improvement in the Standards of Living, earn revenue through trade and foreign investments, Revenue used to improve eduation, health, defence, housing and transportation, bigger variety of foreign goods available, increase in income level, EG; 1970 in CHINA, which attracts foreign investors

Opportunities for the Talented, people highly skilled are in demand, globalisation allowed people to find employment in other countries, may lead to brain drain, EG; brain drain in INDIA in 2000

Improved in Communication/Information System, EGs; Satellite TV channels, cellular phones, broadband, Internet,, successfully transformed the world into a global village., globalization of information is also proved from the usage of the most popular language, English, in the Internet., diminished use of paper with the spread of the new globalized information technology.

Increased Media Coverage, draws the attention of the world to human right violation., improvement in human rights.

SOCIAL

Increase Awareness of Foreign Culture, able to learn about other people around the world through Internet, Traveling, etc.

ENVIRONMENT

Environmetnal Management, globalisation increased the use of earth's resources, countries want to preserve the environment, sustainable development, Conservation of Energy, EG; Wind power, Solar power, building of dams, etc.

NEGATIVE

ECONOMY

Widening Income Gap between the Rich and the Poor, developed countries are experiencing rapid income growth, gain revenue from trades and so are able to draw skilled people and resources from poor areas to areas that need them, less developed countries face trade restriction, Rich continue to prosper while the poor face retrenchment

Increase Competition Amongst Countries, TNCs seek location where production costs are lower, Countries compete to attract these TNCs to invest in their countries, EG; Singapore & Malaysia compete to attract world's shipping giants, reduction in wages and consequently lower standards of living., Job Insecurity, people live in constant dread of losing their jobs to competition

SOCIAL

Loss of Local Culture, Global brands dominate consumer's markets, EGs; Mcdonald's, Starbucks, Disney, standardised methods of operation & identical outlets, creates a homogeneous culture, youths become more interested in the foreign culture, Loss of countries' own cultures

Rapid Spread of Infectious Diseases, EG; severe acute respiratory syndrome (SARS) originated in China and quickly posed a worldwide health threat as airline passengers infected with the virus spread the illness.

Local industries are being taken over by foreign multinationals.

ENVIRONMENT

Environmental Degradation, Deforestation & related problems, TNCs set up factories all over the world, natural resources are used at rapid rate, EGs; Timber, Oil and Metal, Rainforests are cut down for industries, agriculture, housing, transportation, Government ignores as it can generate renevue, EGs; Argentina & Indonesia, Environmental Problems, EGs; Soil erosion, Extinction of flora/fauna, increase in flooding, haze, EGs; China's Three Gorges Project in 1994, that created many environmental problems, Global Warming, movements of goods contribute to global warming, Airplanes, Ships, Lorries, produce large quantities of greenhouse gases such as Carbon Dioxide, Factories emit large amounts of fumes, Gases in atmosphere increases global temperature

Definition of Globalisation

Globalistaion is a process by which people, their ideas and their activities in different parts of the world become interconnected or integrated.